Table 3 MCMC panel quantile process...

Table 3

MCMC panel quantile process estimates

Variables	Quantiles	Coefficient	Standard error	t	p>\|t\|
ISEC	0.1	1.050474	0.739214	1.421069	0.1597
	0.2	1.089739	0.156504	6.963020	0.0000**
	0.3	1.048522	0.155673	6.735394	0.0000**
	0.4	1.056417	0.106498	9.919617	0.0000**
	0.5	0.996739	0.087357	11.40989	0.0000**
	0.6	1.007991	0.067833	14.85995	0.0000**
	0.7	0.997909	0.072976	13.67442	0.0000**
	0.8	1.053342	0.086717	12.14686	0.0000**
	0.9	1.108640	0.066765	16.60514	0.0000**
TRADE	0.1	−6758.722	2836.424	−2.382832	0.0199
	0.2	−9240.466	6341.780	−1.457078	0.1495
	0.3	−7086.023	6731.564	−1.052656	0.2961
	0.4	−6630.625	4345.519	−1.525853	0.1315
	0.5	−4329.600	3237.952	−1.337141	0.1854
	0.6	−4344.664	2276.207	−1.908730	0.0603
	0.7	−1464.142	2359.800	−0.620451	0.5369
	0.8	−1568.121	3528.949	−0.444359	0.6581
	0.9	−2028.571	3081.011	−0.658411	0.5124
GFCF	0.1	2.878454	0.034565	83.27766	0.0000**
	0.2	2.852222	0.089296	31.94117	0.0000**
	0.3	2.971538	0.098601	30.13705	0.0000**
	0.4	2.997998	0.059164	50.67235	0.0000**
	0.5	3.040288	0.043841	69.34774	0.0000**
	0.6	3.045937	0.031556	96.52368	0.0000**
	0.7	3.094063	0.032800	94.33018	0.0000**
	0.8	3.099148	0.051739	59.89957	0.0000**
	0.9	3.135765	0.052447	59.78898	0.0000**
CPI	0.1	45.23664	25.49956	1.774016	0.0803
	0.2	76.02214	60.41021	1.258432	0.2124
	0.3	57.18734	62.07722	0.921229	0.3601
	0.4	58.38752	40.36262	1.446574	0.1524
	0.5	39.68110	30.33271	1.308195	0.1950
	0.6	40.23376	21.69690	1.854355	0.0678
	0.7	15.60388	23.00405	0.678310	0.4998
	0.8	16.94113	37.69976	0.449370	0.6545
	0.9	22.99470	35.98042	0.639089	0.5248

Variables	Quantiles	Coefficient	Standard error	t	p>\|t\|
ISEC	0.1	1.050474	0.739214	1.421069	0.1597
	0.2	1.089739	0.156504	6.963020	0.0000**
	0.3	1.048522	0.155673	6.735394	0.0000**
	0.4	1.056417	0.106498	9.919617	0.0000**
	0.5	0.996739	0.087357	11.40989	0.0000**
	0.6	1.007991	0.067833	14.85995	0.0000**
	0.7	0.997909	0.072976	13.67442	0.0000**
	0.8	1.053342	0.086717	12.14686	0.0000**
	0.9	1.108640	0.066765	16.60514	0.0000**
TRADE	0.1	−6758.722	2836.424	−2.382832	0.0199
	0.2	−9240.466	6341.780	−1.457078	0.1495
	0.3	−7086.023	6731.564	−1.052656	0.2961
	0.4	−6630.625	4345.519	−1.525853	0.1315
	0.5	−4329.600	3237.952	−1.337141	0.1854
	0.6	−4344.664	2276.207	−1.908730	0.0603
	0.7	−1464.142	2359.800	−0.620451	0.5369
	0.8	−1568.121	3528.949	−0.444359	0.6581
	0.9	−2028.571	3081.011	−0.658411	0.5124
GFCF	0.1	2.878454	0.034565	83.27766	0.0000**
	0.2	2.852222	0.089296	31.94117	0.0000**
	0.3	2.971538	0.098601	30.13705	0.0000**
	0.4	2.997998	0.059164	50.67235	0.0000**
	0.5	3.040288	0.043841	69.34774	0.0000**
	0.6	3.045937	0.031556	96.52368	0.0000**
	0.7	3.094063	0.032800	94.33018	0.0000**
	0.8	3.099148	0.051739	59.89957	0.0000**
	0.9	3.135765	0.052447	59.78898	0.0000**
CPI	0.1	45.23664	25.49956	1.774016	0.0803
	0.2	76.02214	60.41021	1.258432	0.2124
	0.3	57.18734	62.07722	0.921229	0.3601
	0.4	58.38752	40.36262	1.446574	0.1524
	0.5	39.68110	30.33271	1.308195	0.1950
	0.6	40.23376	21.69690	1.854355	0.0678
	0.7	15.60388	23.00405	0.678310	0.4998
	0.8	16.94113	37.69976	0.449370	0.6545
	0.9	22.99470	35.98042	0.639089	0.5248

Note(s): **Significant at 1% level

Source(s): Executed by authors

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